Qatari stock alert

QATAR

CLOSING UPDATE: Qatar National Bank decreases further 0.7%, led market lower 14 June 2018 13:24 AST

NEWS BITES - MIDDLE EAST & NORTH AFRICA

This is an end of day Alert, produced after today's Qatar market close. It concludes the BSS News Bites intra-day Alert series (summaries below).

Qatar National Bank, Qatar's largest bank by market capitalisation, has decreased 1.2% to trade at QAR155.92 vs. the QE Index which weakened 12.5 points (or 0.1%) to 9,077.6. Representing a weighting of about 36.5% of the index, the stock accounted for the loss. The shares have underperformed 97% of the market in the past week. Trading volume was 9.5 times average at the end of the day. Compared with the QE Index which fell 12.5 points (or 0.1%) in the day, this represented a relative price change of -1.0%.

Technical indicators complementing today's significant downtrend:

+ The price sank 5.1% in the last week.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Overvaluation:

+ Price to Book of 1.9 [0.9]

+ Year-on-Year Earnings Growth of 4.6% [6.5%]

Note

Bullish Signals:

The positive 2.24 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

The 5.5% discount to 12-month high of QAR165.0 against the 42.1% premium to 12-month low of QAR109.71 suggests the stock continues to push for new highs.

In the last three months the stock has hit a new 52-week high ten times, pointing to a significant uptrend.

The company is cash rich with Cash to Market Capitalisation at 36.6%.

Tobin's Q Ratio is 0.2. Compared with the rest of the market the stock is undervalued and ranks in the top quartile of stocks by value of Q Ratio.

Net profit margin has averaged 40.5% in the last 3 years. This is considered superior and suggests a high margin of safety.

As per the Du Pont analysis, Return on Equity of 16.9% is better than sector average of 7.7%.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Undervaluation:

Dividend yield of 3.9% [3.4%]

Return on Equity 16.9% [7.7%]

TODAY'S ALERT

Morning Alert: Qatar National Bank decreases 0.5%, leads market lower

14 June 2018 10:06 AST

Qatar National Bank (QE:QNBK) has decreased 0.5% to trade at QAR156.99 vs. the QE Index which weakened 51.5 points (or 0.6%) to 9,038.6. Representing a weighting of about 36.5% of the index, the stock accounted for 32.5% of today's loss. The shares have underperformed 94% of the market in the past week. Trading volume was 1.3 times average so far today.

RECENT ALERT

End of Day Alert: Qatar National Bank decreases 0.8%, led market lower

10 June 2018 13:24 AST

Qatar National Bank, Qatar's largest bank by market capitalisation, has decreased 0.8% to trade at QAR162.97 vs. the QE Index which weakened 51.6 points (or 0.6%) to 9,199.7. Representing a weighting of about 37.2% of the index, the stock accounted for 52.5% of today's loss. Trading volume was 1.4 times average at the end of the day. Compared with the QE Index which fell 51.6 points (or 0.6%) in the day, this represented a relative price change of -0.2%.

Qatar National Bank (QA:QNBK; QD:QNBK)

ISIN: QA0006929895

PermID: 4295886960

Source: www.BuySellSignals.com